Corporate News - Copperbelt Katanga Mining

Glencore Reports Strong Copper Output Growth as Marketing Division Eyes Top-End Earnings 1

Glencore Q1 Copper Production Jumps 19% on African Output Gains, Marketing Unit Set to Beat Earnings Guidance Glencore reported a 19% increase in copper production for the first quarter, supported by improved ore grades at its African operations and higher output from its Antamina mine in Peru. The Swiss-based commodities trader and mining group produced 199,600 tonnes of copper during the quarter, up from 167,900 tonnes in the same period last year. While copper production strengthened, cobalt output declined sharply by 39%. The company attributed this drop to a strategic… Read More Here

Alphamin Resources Posts Record $158M EBITDA on Surging Tin Prices and Stable DRC Operations

April 30, 2026April 30, 2026 Constance

Alphamin Resources Reports Record Q1 2026 Earnings as Tin Prices Jump 30% and Production Holds Steady in DRC Tin producer Alphamin Resources, which operates assets in the Democratic Republic of Congo (DRC), has reported record earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $158 million for the three months ended March 31, the first quarter of its 2026 financial year. This represents a 46% increase quarter-on-quarter, driven primarily by a sharp rise in tin prices. The average tin price climbed 30% over the period, increasing from $37,995 per tonne… Read More Here

Mining in Zambia Corporate News Drilling New Mining Projects Zinc

Shuka Minerals Begins First Kabwe Drilling in Decades to Boost Zinc Resource

April 30, 2026April 30, 2026 Constance

Shuka Minerals Begins Phase 1 Drilling at Kabwe Zinc Mine with Ox Drilling to Target 50% Resource Expansion Dual-listed Shuka Minerals (AIM and JSE) has appointed Ox Drilling as the contractor for its Phase 1 drilling programme at the Kabwe zinc mine in Zambia. The project is operated through Shuka’s local subsidiary, Leopard Exploration and Mining. The drilling campaign is scheduled to begin in mid-May and will be supported by geological consultancy GeoQuest. Phase 1 Drilling Programme The initial phase comprises a 2,000-metre diamond drilling programme using PQ and HQ… Read More Here

International Corporate News

Vedanta Profits Surge on Strong Metal Prices Ahead of Business Demerger

April 30, 2026April 30, 2026 Constance

Vedanta Q1 Profit Jumps 92% as Metal Prices Rally, Margins Expand Before Major Demerger Vedanta Limited reported a sharp 92.3% increase in quarterly profit, driven by stronger base metal prices that significantly boosted margins across its core businesses. The Mumbai-based conglomerate posted a consolidated net profit of 66.98 billion rupees (approximately $706.3 million) for the quarter ended March, up from 34.83 billion rupees in the same period last year. Operating profit margins also improved markedly, rising to 32% from 21% a year earlier. The performance was underpinned by a rally… Read More Here

Corporate News Copper

First Quantum Reports Wider Q1 Loss Despite Higher Copper Output Forecast

April 30, 2026April 30, 2026 Constance

First Quantum Q1 2026 Loss Widens on Rising Costs and Lower Output, but Copper Production Outlook Raised First Quantum Minerals reported a significantly wider loss for the first quarter of 2026, as increased operating costs and weaker copper production weighed on financial performance, despite an improved full-year output forecast. The company posted a net loss attributable to shareholders of $196 million, compared with a $23 million loss in the same period last year. Adjusted loss for the quarter came in at $147 million, or $0.18 per share. Operational challenges were… Read More Here

Copper Corporate News International

Anglo American Reports Modest Copper Growth While Advancing Strategic Restructuring

April 30, 2026April 30, 2026 Constance

Anglo American Q1 Copper Output Rises 1% as Company Pushes Asset Sales and Maintains 2026 Production Outlook Anglo American reported a 1% year-on-year increase in copper production for the first quarter, supported by improved output at its Chilean operations, including Los Bronces Mine and Collahuasi Mine. The company also reaffirmed its full-year production guidance. The miner, which has agreed to merge with Teck Resources, is moving forward with plans to streamline its portfolio. This includes divesting non-core assets such as its coal operations and its diamond business, De Beers. Chief… Read More Here

International Corporate News Gold Mining Personality

Barrick Mining Names North America Leadership Team Ahead of Planned IPO

April 28, 2026April 28, 2026 Constance

Barrick Appoints Executive Team to Lead North American Business Spin-Off Barrick Mining Corporation announced on Tuesday the appointment of a new executive leadership team for its North American operations as the company moves forward with plans to pursue an initial public offering (IPO) for the business. The restructuring marks a significant step in the company’s strategy to strengthen operational focus and unlock shareholder value from its North American asset base. Key Leadership Appointments The newly formed leadership team will oversee the standalone operations of Barrick’s North American division as it… Read More Here

International Corporate News Gold New Mining Projects

Ecuador Seals $1.7 Billion Mining Deal with China’s CMOC Group to Advance Major Gold Project

April 28, 2026April 28, 2026 Constance

Ecuador Secures Major Mining Investment as $1.7 Billion Los Cangrejos Project Aims to Boost State Revenue and Expand Mining Sector Ecuador has taken a significant step to expand its mining industry after signing a major contract with the local subsidiary of China’s CMOC Group to develop the Los Cangrejos mining project. The agreement represents one of the largest recent investments in the country’s resource sector, with total projected capital expenditure exceeding $1.7 billion. Located in El Oro province, the Los Cangrejos project will be developed by ODIN Mining del Ecuador,… Read More Here

International Corporate News Energy Uranium

Paladin Energy Engages Global Buyers as Namibia Strengthens Position in Tightening Uranium Market

April 27, 2026April 27, 2026 Constance

Paladin Energy Targets US, China and Europe as Namibia Emerges as Strategic Uranium Supply Hub Amid Rising Global Demand Paladin Energy says it is engaging potential buyers in the United States, China, and Europe as global demand for uranium continues to rise, reinforcing Namibia’s growing importance in the international nuclear fuel market. Chief Executive Officer Paul Hemburrow said the company has held discussions with representatives linked to US diplomatic channels, although no formal agreements have yet been concluded. “We’ve had direct interactions with representatives from US embassies, but there is… Read More Here

Mining in DRC Corporate News New Mining Projects Tin

Rome Resources Strengthens Control and Funding Position at Bisie North Tin Project

April 27, 2026April 27, 2026 Constance

Rome Resources Expands Ownership in DRC Tin Assets and Raises £1.2M to Accelerate Exploration Growth Rome Resources is strengthening its position in one of the world’s most prospective tin regions through increased project ownership, new funding, and an expanded exploration programme. The company is focusing on the Bisie North district in the Democratic Republic of the Congo (DRC), where it is building a larger, more controlled portfolio of high-potential tin and copper assets. Rome Resources (AIM: RMR) has advanced its growth strategy by increasing its exposure to the Bisie North… Read More Here